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he wants to expand a tax break for lower income workers, and he wants to take away a tax break currently enjoyed by high-ear high-earning hedge fund types who earn most of their income from fees they charge investors. that's all i'm going to tell you at the moment about what is in this budget. instead, i want to you focus on what is wrong with the entire budget process in washington. formerly presidents present a budget to congress. president obama is a month late, but that's the least of the problems. then congress develops it's own version of the budget, and they vote on it by april 15th, sending it back to the president to be signed into law by then. this has not happened in years. keep in mind appropriating money to pay for things is the one thing that constitution actually requires congress to do. everything else is optional. there is a problem, unlike good wine, a federal budget does not get better with age. it gets worse because it uses old priorities to deal with new problems. nevertheless, we more or less extended the current budget now for almost five years. it's been nearly fi
he wants to expand a tax break for lower income workers, and he wants to take away a tax break currently enjoyed by high-ear high-earning hedge fund types who earn most of their income from fees they charge investors. that's all i'm going to tell you at the moment about what is in this budget. instead, i want to you focus on what is wrong with the entire budget process in washington. formerly presidents present a budget to congress. president obama is a month late, but that's the least of the...
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to raise revenue it would kill a carry from tax loophole, lowering taxes for private equity managers. it calls for a $56 billion increase in spending from this year. >> well, we are looking at some rain showers down the south, and we had beautiful weather across the north-east. what we are concerned about is the cold air that is filtering through canada, coming in through the northern planes. it will be a change for many people. what we are seeing is here there's a line of precip, and to the north of that line, that is where the cold air will be a problem. take minneapolis as an example of the the temperatures will go down. that's not factoring the windchill. monday 13 degrees, tuesday 6. later in the week we go down to two. as a high temperature, overnight lows at minus 7. factoring the windchill it's more like 15 degrees. across the north-west we see rain showers. they are tapering off tonight and this morning. as we go through the rest of the day we'll pick up more showers. we don't expect them to d too heavy. we expect better conditions and warmer weather. temperatures going into
to raise revenue it would kill a carry from tax loophole, lowering taxes for private equity managers. it calls for a $56 billion increase in spending from this year. >> well, we are looking at some rain showers down the south, and we had beautiful weather across the north-east. what we are concerned about is the cold air that is filtering through canada, coming in through the northern planes. it will be a change for many people. what we are seeing is here there's a line of precip, and to...
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it does not require new taxes, spending or new bureaucracy. here's one last point. it turns out what happens if workers got a little more money in their pocket? they spend a little more money. which means businesses have more customers, which means they make more profits. which means they can hire more workers. which means you get a virtuous cycle, it's common sense. that's what i'm trying to say. that's all i'm saying, common sense. [ cheers and applause ] it's just common sense. that's all it is, it's just common sense. common sense. it's just common sense. that's all i'm saying. right now republicans in congress don't want to vote on raising the minimum wage. some say they want to scrap the minimum wage. one of them said it's outlived its usefulness, i vote to repeal the minimum wage, what i'm saying is it's never worked. now, some even said it only helps young people. now, as if that's a bad thing. i think we should want to help young people. i would like to see them try putting themselves through college on a low-wage work study job. [applause] i would like to
it does not require new taxes, spending or new bureaucracy. here's one last point. it turns out what happens if workers got a little more money in their pocket? they spend a little more money. which means businesses have more customers, which means they make more profits. which means they can hire more workers. which means you get a virtuous cycle, it's common sense. that's what i'm trying to say. that's all i'm saying, common sense. [ cheers and applause ] it's just common sense. that's all it...
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the white house said the budget would raise taxes on the wealthy while providing a tax budget and expand early childhood education. >>> newly released studies call into evaluation the early psychiatric studies used by the army. journal offer medical reports finds that 25% of all active duty soldiers suffered from some sort of mental illness before they enlisted in the army, from hdhd to panic addition orders to depression. >> . >> an increasing number of families in the united states, one of every 88 american children, has been diagnosed with autism. a number that has almost doubled since the year 2000. and that is you have to enough for families but even a bigger challenge is looming for families of children with the developmental disorder. half results will be living with autism in the next decade to live independently. a story of one man and his mother learning to let go. >> reporter: so thanks for letting us come to your apartment. >> you're welcome. >> i appreciate it. looks like a nice place. >> reporter: it is. >> 40-year-old brandon kramer is showing us his small but cozy apartme
the white house said the budget would raise taxes on the wealthy while providing a tax budget and expand early childhood education. >>> newly released studies call into evaluation the early psychiatric studies used by the army. journal offer medical reports finds that 25% of all active duty soldiers suffered from some sort of mental illness before they enlisted in the army, from hdhd to panic addition orders to depression. >> . >> an increasing number of families in the...
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the white house says the $3.9 trillion budget would raise taxes on the wealthy while providing a tax break for over 13 million americans. the proposed budget would increase tax credits for the working poor and expand early childhood education. >> newly released studies calling into question the psychiatric screening process currently used by the army. the journ"journal of the americ medical association" finds 25% of all active duty services suffered from some sort of mental illness before they enlisted in the army, from adhd and panic disorders to depression. >> an increasing number of families in the united states, 1 of every 88 american children has been diagnosed with autism, a number that has almost doubled since the year 2000. >> that's tough enough for families. but an even bigger challenge is looming for the families of children with the developmental disorder. half a million adults will be living with autism in the next decade. adults who will need support, services and understanding to help them live independently. chris burey with a story of one man and his mother who are l
the white house says the $3.9 trillion budget would raise taxes on the wealthy while providing a tax break for over 13 million americans. the proposed budget would increase tax credits for the working poor and expand early childhood education. >> newly released studies calling into question the psychiatric screening process currently used by the army. the journ"journal of the americ medical association" finds 25% of all active duty services suffered from some sort of mental...
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so now our burden is put on the homeowners, or the small business people, and the tax is high, and people always are looking at, we're paying more and we're getting less. we're losing all of the people that make a big salary, and we're left with people who make just 20, 30, or say $40,000 a year, stuff like that. and we expect to fund our schools with that. so yes, it does put a burden on us, and we have to fund public safety, fire, and all of those things that we have to do with that money, and plus, we cannot underfund education. we have to make sure that we fund the education that is required. so it does put a big burden on or community. and all we talked about, the crime in the neighborhood and stuff like that, that's caused from the lack of education. and as a matter of fact, just recently, we hired a mischief that's doing a great job of bringing people together and cutting down the crime rate. so our crime rate is really going down. it's a matter of the haves and the have notes. it's important for all of our children to be educated. i heard someone talking about we need to get our c
so now our burden is put on the homeowners, or the small business people, and the tax is high, and people always are looking at, we're paying more and we're getting less. we're losing all of the people that make a big salary, and we're left with people who make just 20, 30, or say $40,000 a year, stuff like that. and we expect to fund our schools with that. so yes, it does put a burden on us, and we have to fund public safety, fire, and all of those things that we have to do with that money,...
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the earned income tax credit for low wage workers, and a tax loophole that significantly lowers taxes for managers. and it calls for a $66 billion increase in spending this year. >>> and the political midterms this year, expected soon in texas, the polls closed at the top of the hour, and there has been pressure in the state to get the vote out. most of the national attention, on the governor's race, heidi castro is there with more. how is the turnout today? >> with the polls close to an hour ago, we have the early voting numbers to share with you, looking at 6-8% across the state, which is higher than when texans turned out to an urban primary. most of this can be attributed to the wendy davis campaign. she's scene as the best hope for governor in 20 years. early returns from the primary show that she's well on her way to winning. however, in november, this will be a much different story. that's when davis will face-off with her highly favored republican proponent, attorney general, greg abbot. he's currently at 11 points ahead of her in the polls, and i think it's safe to say that m
the earned income tax credit for low wage workers, and a tax loophole that significantly lowers taxes for managers. and it calls for a $66 billion increase in spending this year. >>> and the political midterms this year, expected soon in texas, the polls closed at the top of the hour, and there has been pressure in the state to get the vote out. most of the national attention, on the governor's race, heidi castro is there with more. how is the turnout today? >> with the polls...
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those are just some of the problems in a program now costing tax pairs $392 billion over its life 250i78. that's 70% more than originally projected. and while pilots are conducting test flights, not a single yet is ready to go into combat. one day the pentagon says it will buy more than 2400 why so few? budget cuts. every program has to be trimmed to save money. >> the reality of reduced resources and a challenging and changing strategic environment requires us to prioritize and make difficult choices. some of those choices we must make now. >> reporter: despite the many problems and the cost overruns, the military has no plans to scrap the f-35. it argues current fighter jets are on sol bleat, and china and russia are developing fighters that will out fly and outgun the american fleet. rosiland jordan, al jazeera, washington. >>> and we are following breaking news coming out of ukraine right now. we're going to go to nick schifrin who is there. there is a developing situation outside of a cafe that involves a un enjoy. nick what are you seeing and hearing? >> reporter: well, what we saw
those are just some of the problems in a program now costing tax pairs $392 billion over its life 250i78. that's 70% more than originally projected. and while pilots are conducting test flights, not a single yet is ready to go into combat. one day the pentagon says it will buy more than 2400 why so few? budget cuts. every program has to be trimmed to save money. >> the reality of reduced resources and a challenging and changing strategic environment requires us to prioritize and make...
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. >>> anti-government protesters in thailand have been trying to shut down the excise tax department in bangkok. they forced some of the employees to leave, but the office continued to function. the government says a state of emergency in bangkok could be extended until protests end completely. >>> malaysia's highest court has delayed ruling on whether to hear the catholic church's bid to call god ala. last october a lower court ruled in favor of the government saying that non-muslims are not allowed to use the word ala. >>> china has lifted spending to $132 billion. that promise as well as others to tackle corruption and keep the economy growing have been announced as parliament opened its session. >> reporter: opening this parliamentary session, china's leaders seem determined to develop a kind of military machine that would fit the world's second biggest economy. it was announced military spending would increase by 12% despite the current national drive to save money. >> translator: last year we made solid progress in strength owning national defense. this has increased our milita
. >>> anti-government protesters in thailand have been trying to shut down the excise tax department in bangkok. they forced some of the employees to leave, but the office continued to function. the government says a state of emergency in bangkok could be extended until protests end completely. >>> malaysia's highest court has delayed ruling on whether to hear the catholic church's bid to call god ala. last october a lower court ruled in favor of the government saying that...
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. >>> in thailand, some are trying to shut down the excise tax in bang coko bangkok. some lifted concrete barriers and forced employees to leave. the office continues to function. the government says a state of emergency could be extended until the protests end completely. >>> malaw malasia's highest co s judges postponing a decision. last october a lower court ruled in favor of the government saying none of them were allowed to use the word "allah. it has been a year since the death of hugo chavez. his successor, maduro will oversee a military parade which is due to start in the capitol within hours. there will be a ceremony at the hilltop mausoleum housing his remains. those are taking place in the shadow of venzuela's worst unrest in a decade. thousands of anti-government protesters took to the streets on tuesday. many activists wore white to symbolize peace. the government says 18 people have been killed and hundreds injured in about a month of protests. the demonstrations begin over chronic foot shortages and rising crime. >> in the street are children. it can't
. >>> in thailand, some are trying to shut down the excise tax in bang coko bangkok. some lifted concrete barriers and forced employees to leave. the office continues to function. the government says a state of emergency could be extended until the protests end completely. >>> malaw malasia's highest co s judges postponing a decision. last october a lower court ruled in favor of the government saying none of them were allowed to use the word "allah. it has been a year...
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raising the dividend tax? >> it comes into this concern of mine about income inequality and wage inequality that is an epidemic in this country. we have so isolated at handful of women and men in this economy, purposefully. we have not only tolerated they're becoming inordinately rich, but we encourage it -- >> to pick on henry kravitz as one of the names, he pays those taxes and a capital gains transaction. he does charities. i don't know which ones. he does this, that, and the other thing. is that enough? >> it is not even close to enough. for every woman or man who is philanthropic, there are one doesn't want not. we know that the silicon valley people, enormously wealthy, are traditionally an philanthropic. mark zuckerberg notwithstanding. do not assume positive behavior out of trickle down. trickle down is a fraud. enriching the top of society out of the hope that it trickles down philanthropic way or otherwise makes no sense. >> a leo hindery, on ordinary income. not enoughthere is about elon musk. it is
raising the dividend tax? >> it comes into this concern of mine about income inequality and wage inequality that is an epidemic in this country. we have so isolated at handful of women and men in this economy, purposefully. we have not only tolerated they're becoming inordinately rich, but we encourage it -- >> to pick on henry kravitz as one of the names, he pays those taxes and a capital gains transaction. he does charities. i don't know which ones. he does this, that, and the...
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be subject to estate tax but they will not be subject to income tax. you can think about stretching out the payments of that ira after you are gone for the benefit of your children or even grandchildren. that gives a lot more economic value. >> the account lives on almost in the form of an ira at the beneficiary of that account, and you have noted, the beneficiary would receive the income and not be subject to the same kind of lump-sum tax. >> you stretch it out over time. >> many of the driving forces is the tax law. you also mentioned as part of the exercise, you have to get organized and get your paperwork in order so that it is not a scramble at the last minute. >> getting organized is critical. that you understand what your goals are and that requires a good deal of thinking. you work with a lawyer specializing in this area. you become very organized about where your assets are, documenting where they are. you put documents in place. wills, trusts, and powers of attorney. they are very important. living wills so that if you're not able to do what
be subject to estate tax but they will not be subject to income tax. you can think about stretching out the payments of that ira after you are gone for the benefit of your children or even grandchildren. that gives a lot more economic value. >> the account lives on almost in the form of an ira at the beneficiary of that account, and you have noted, the beneficiary would receive the income and not be subject to the same kind of lump-sum tax. >> you stretch it out over time. >>...
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trimming taxes for families. he laid out his plans at a washington d.c. elementary school. >> i laid out an agenda to restore opportunities for all people. to uphold the principle that no matter who you are, no matter where you started, you can make it if you try here in america. this opportunity agenda is built on four parts -- more good jobs and good wages from a making sure we are training workers with the skills they need to get those jobs, guaranteeing every child access to a world-class education, and making sure our economy is one in which hard work is rewarded. the budget i sent congress this morning lays out how we will implement this agenda in a balanced and responsible way. this budget adheres to the spending levels of both houses of congress, but also builds on that progress with what we are calling an opportunity, growth, and security initiative that invests in our economic ortiz in a way that's fully paid for by making smart spending cuts and closing tax loopholes that only benefit the well-off and well-connected. we know the country that wi
trimming taxes for families. he laid out his plans at a washington d.c. elementary school. >> i laid out an agenda to restore opportunities for all people. to uphold the principle that no matter who you are, no matter where you started, you can make it if you try here in america. this opportunity agenda is built on four parts -- more good jobs and good wages from a making sure we are training workers with the skills they need to get those jobs, guaranteeing every child access to a...
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getting a lower tax rate on that. a lot of republicans, a lot of businesses are not going to like the way it is paid for even if the likely effects overall. >> for a poor or low income person or family, what with the tangible benefits of this expansion of the earned income tax credit be? how much money would they see and when would they see it? >> what you would see is more directed to childless workers. there is a disparity between families and people without children. people without children do not get as much of a credit. what they will see at the end of the day is the tax refund. if their credit is greater than their tax liability, at the end of the year they will get money back then that will help them meet their bills. very real situation for people living in poverty right now. >> we talked about the minimum wage and this earned income tax credit. what are the other ideas floating around in congress to bring down the poverty rate? >> those are the two major ones. marco rubio has another idea called a wage enhanc
getting a lower tax rate on that. a lot of republicans, a lot of businesses are not going to like the way it is paid for even if the likely effects overall. >> for a poor or low income person or family, what with the tangible benefits of this expansion of the earned income tax credit be? how much money would they see and when would they see it? >> what you would see is more directed to childless workers. there is a disparity between families and people without children. people...
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five years ago, they would go to out-of-the-way places to save on taxes, but the tax issue has gone away in e-commerce, and they're coming right in with the population is. >> it is all because of this demand for same day delivery -- >> it is going in that direction . nothing is getting slower. >> we will be back with hamid moghadam, the chairman and ceo of prologis. coming up, dish pulling ahead in the race to deliver television over the internet. can it succeed where others have failed? ♪ >> we are back with prologis chairman and ceo hamid moghadam. we were talking about what is going on in the u.s., but i'm curious about what is going on on overseas because we care about emerging markets not growing like they used to -- because we hear about how emerging markets are not growing like they used to. what are you saying outside of the u.s.? >> emerging markets have slowed down, brazil and mexico have been slow, but our business is gdp.ed to consumption, not consumption is related to the emergence of the middle class, and these companies are going through a phase where they are in the ste
five years ago, they would go to out-of-the-way places to save on taxes, but the tax issue has gone away in e-commerce, and they're coming right in with the population is. >> it is all because of this demand for same day delivery -- >> it is going in that direction . nothing is getting slower. >> we will be back with hamid moghadam, the chairman and ceo of prologis. coming up, dish pulling ahead in the race to deliver television over the internet. can it succeed where others...
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i do not like to pay taxes. i'm not a huge fan of the fed. i do not need bitcoin to be excepted in the mainstream. i'm just not one of the sheep very >> what is interesting is even if you define success more narrowly, which is, you do not have to have everyone using it as long as people who do not believe in the government can use it is fine, there is an artificial taxable people. exchange, every wallet, almost all them have been had. if you think about what insurance premiums you would have to pay to make people whole, it is high. there is an invisible tax in using bitcoin that people do not realize. interesting. even for people who do not believe in government and did not believe regulation is good for bitcoin, the improvement that will come from more focus on this from regulatory bodies will help them. >> janet yellen talking about it. thank you. you can check out my full piece today at usa today.com. or in his favor. coming up, twins are heading to space. our team wonders if they are that are off in a double mint commercial. check out mor
i do not like to pay taxes. i'm not a huge fan of the fed. i do not need bitcoin to be excepted in the mainstream. i'm just not one of the sheep very >> what is interesting is even if you define success more narrowly, which is, you do not have to have everyone using it as long as people who do not believe in the government can use it is fine, there is an artificial taxable people. exchange, every wallet, almost all them have been had. if you think about what insurance premiums you would...
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other conservative groups for extra scrutiny when they apply for tax-exempt status. she appeared in the house oversight committee but in vote not tostitutional right incriminate herself. at the top look stories in the news at this hour. janet yellen is at a ceremonial ,wearing-in in washington taking over the job as the central bank official. peter cook joins me with details. >> we're just learning about this event for the federal reserve. janet yellen has already been sworn in and has been on the job for several weeks. this is a ceremonial swearing-in where she did not make significant news in her comments. generally, it's about the job and the challenge ahead were. she is speaking at this moment to members of the federal reserve staff. jack lew is there, as is the former federal chair reserved chairman. she says about the economy in these comments, too many americans cannot find a job and are forced to work part-time. stable employment and prices. it is equally clear the economy continues to operate short of these objectives. i will work with policymakers to achiev
other conservative groups for extra scrutiny when they apply for tax-exempt status. she appeared in the house oversight committee but in vote not tostitutional right incriminate herself. at the top look stories in the news at this hour. janet yellen is at a ceremonial ,wearing-in in washington taking over the job as the central bank official. peter cook joins me with details. >> we're just learning about this event for the federal reserve. janet yellen has already been sworn in and has...
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s he said that using spacex would save the federal government $1 billion in tax savings for didayers every year, and he that well sitting next to a competitor and said the current state of the market is unsustainable. >> the air force and other agencies are paying too high a price for lunch. the impact was protectable. space launch innovation stagnated, compared to competition. prices of 11 to rebels -- levels that general shelton have called unsustainable. evolvedsue is the expendable launch vehicle program, a $70 billion program that is the federal government's answer for reducing the cost of military satellite launches. dominated byt is united launch alliance because spacex, although it's trying to get a spot in the certification program, does not have the approval to do so. years held the monopoly. it's a joint venture between defense giants, lockheed martin and boeing. ceo says that he does not think that breaking up that monopoly in the name of competition will really have that big of a payoff. take a listen. >> they are important questions about how competitions will be struct
s he said that using spacex would save the federal government $1 billion in tax savings for didayers every year, and he that well sitting next to a competitor and said the current state of the market is unsustainable. >> the air force and other agencies are paying too high a price for lunch. the impact was protectable. space launch innovation stagnated, compared to competition. prices of 11 to rebels -- levels that general shelton have called unsustainable. evolvedsue is the expendable...
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it goes into british tax havens and prophecies. >> it is hard to true all of that. >> is easy to prove. russian officials have income declarations -- declarations. is clear, looking from russia. >> that is ok. this is illegal. >> according to the russian is for illegal0% activity. on.et's move >> let's have a look at the trading partner. the largest foreign investors are the british virgin islands. >> this is what we want to get the bottom of. let's try to figure out what and view is on the ukraine how this crisis will pan out. >> vladimir putin feels that he was pushed out of deciding the ukraine's fate. what happened was not a blitzkrieg. rents -- thehe west was thrown off balance. imposed,see sanctions we will see rapidly deteriorating rates. happens, if they decide that they do not want to carry on with this, how influential committee on vladimir putin westmark >> his billion-dollar bets with his regime is that there is too much money involved to impose meaningful sanctions. imposednited states has visa restrictions in the past. -- >> russianna money is not in the united states. ar
it goes into british tax havens and prophecies. >> it is hard to true all of that. >> is easy to prove. russian officials have income declarations -- declarations. is clear, looking from russia. >> that is ok. this is illegal. >> according to the russian is for illegal0% activity. on.et's move >> let's have a look at the trading partner. the largest foreign investors are the british virgin islands. >> this is what we want to get the bottom of. let's try to...
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taxes on the rich, taxes on businesses. it's incredible to me. >> it is hard to believe. i write about it a lot in the book because you can look at states that do the kinds of things that you talk about all the time, larry, lower their taxes, lower the size of government, decrease their debt, develop their own energy, create freedom in the workplace, we see states like north dakota that are booming. instead the president is talking about mandating the minimum wage and raising taxes. if you want people to make more money, you do what north dakota and other states are doing. you create a good environment for the economy to grow. >> that's a great contrast, this red state contrast. sam brownback in kansas, mary fallin in oklahoma, john casic in ohio. they're limiting government, reforming programs, lowering tax rates to get better investment in companies. what's so hard about this? john f. kennedy did it 50 years ago. ronald reagan about it 30 years ago. >> they believe so much in central government, central economic planning. they believe it's unfair for people to be making
taxes on the rich, taxes on businesses. it's incredible to me. >> it is hard to believe. i write about it a lot in the book because you can look at states that do the kinds of things that you talk about all the time, larry, lower their taxes, lower the size of government, decrease their debt, develop their own energy, create freedom in the workplace, we see states like north dakota that are booming. instead the president is talking about mandating the minimum wage and raising taxes. if...
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so it's important to start having property taxes. if you hold property in china, there's no property costs. if your home is sitting there empty, there's no penalty because you don't really feel hurt. that's why the worry is there are so many buildings and not being occupied and not being neutralized. and so having introduced the property tax will deal directly with that. now, continuing to hold the property if there's a tax you need to pay every month? >> highly rated u.s. companies sold more than $19 billion in debt on tuesday, the busiest day of the year. they looked to take advantage of recent rallies in u.s. treasuries to lock in the rates. other companies issuing debt include citigroup, high bond and coke. moody's has cut chicago's general obligation sales tax revenue rating by one notch to baa-1. this is the second downgrade in less than eight months. chicago faces a $600 million hike in payments through its requirements systems next year. the mayor has warned without release from lawmakers chicago may be forced to double prope
so it's important to start having property taxes. if you hold property in china, there's no property costs. if your home is sitting there empty, there's no penalty because you don't really feel hurt. that's why the worry is there are so many buildings and not being occupied and not being neutralized. and so having introduced the property tax will deal directly with that. now, continuing to hold the property if there's a tax you need to pay every month? >> highly rated u.s. companies sold...
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and tax is tax. >> bring it down for everybody or go up for the people that are paying less right now? i mean, in general, money that's left in the private sector, it's a better place to leave it. >> i would agree. >> with everything else. >> he's a big advocate of simpson-bowles, though. >> i was intimately involved in the creation of that initial plan. so yeah, i'm very much in favor of it. there's this physical principle called entropy which i've always liked with which says all organized systems evolve to chaos. it was last simplified about 20, 25 years ago. entropy has kicked in. >> it's not just entropy. it's also the lobbyists can get involved. and if you are a major corporation or someone who has a lot of money, you could influence how the code has changed over that time to your favor. that's the other problem with it. it's not just random entropy. it is lobbyists who have had an undue influence. >> just companies. >> no. the individuals, too. you can look at unions, anybody with money and say that they have had undue influence on that. and that, to me, is the worst part of it
and tax is tax. >> bring it down for everybody or go up for the people that are paying less right now? i mean, in general, money that's left in the private sector, it's a better place to leave it. >> i would agree. >> with everything else. >> he's a big advocate of simpson-bowles, though. >> i was intimately involved in the creation of that initial plan. so yeah, i'm very much in favor of it. there's this physical principle called entropy which i've always liked...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> coming up, something very special with someone very special. one of the sharks from "shark tank" will be joining us for the whole hour as our guest host. which is actually perfect timing because we will also talk to the ceo of a website which has been cyberhacked and harassed and robert is quite the expert on cybersecurity. we are also talking about making big bets that pay off. that is our theme for today. all those things and lots, lots more. make sure you join us in ten minutes' time from now. back to you. >> see you at 2:00 eastern. back to sheila for a market flash. >>> check out shares of the maker of climate controlled car seats. the company reported a fifth straight quarter of accelerating sales growth as the auto industry adds the heated seats to midlevel cars so expanding from just the luxury market. the company reported better than expected fourth quarter results, a
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> coming up, something very special with someone very special. one of the sharks from "shark tank" will be joining us for the whole hour as our guest host. which is actually perfect timing because we will also talk to the ceo of a website which has been cyberhacked and harassed and...
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is a need for tax exempt income out there. municipalities overall are actually reducing their total amount of indebtedness this year for the fourth year in a row because more bonds are maturing and getting called than what is actually being issued. pso those are generating some more stability in pricing but municipals are still cheaper than taxables and they're tax exempt. >> thank you for your time. a lot of people are talking about it. people are also talking about national security. it's not often that protecting our energy infrastructure is part of the equation, but michael chertoff, former secretary of homeland security, is looking to change that. next, he's coming up, and we'll give his take on cyber security and what can be done to step that up as well. keep it right here. cnbc will be back after a short break. you want a loan to build a factory in america? you can't do that. nobody builds factories in the us anymore... you can't do that. using american raw materials makes no sense... you can't do that. you want to hire
is a need for tax exempt income out there. municipalities overall are actually reducing their total amount of indebtedness this year for the fourth year in a row because more bonds are maturing and getting called than what is actually being issued. pso those are generating some more stability in pricing but municipals are still cheaper than taxables and they're tax exempt. >> thank you for your time. a lot of people are talking about it. people are also talking about national security....
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going to do because of the alternative space and people will look for another way, especially with the tax breaks they get for it, so that's why i wouldn't want to get in front of that truck, judge, as far as shorting any of those names on the solar city side. >> our next guest says the growth of u.s. oil production is creating in his words a bonanza for the energy industry if you pick stocks carefully. joining us is john dawd, portfolio manager with fidelity. great to have you back. >> great to be here. thank you very much. >> you heard the conversation and obviously you're partial to energy. where should we be looking for the money? >> the theme i've been trying to play is virtually all the oil production growth in the world is the permian, it's the backan, the eagleford and for natural gas we're seeing natural production growth. it's big assets in the area where's the economy is scale in those areas that are doing very, very well. you don't need to play the commodity. you can play the companies gaining share within the energy space and doing it in a cost-effective manner. >> which are y
going to do because of the alternative space and people will look for another way, especially with the tax breaks they get for it, so that's why i wouldn't want to get in front of that truck, judge, as far as shorting any of those names on the solar city side. >> our next guest says the growth of u.s. oil production is creating in his words a bonanza for the energy industry if you pick stocks carefully. joining us is john dawd, portfolio manager with fidelity. great to have you back....
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> the social network giant facebook has hired a community safety police officer for three years for the price of $200,000 a year. the officer will be on patrol in menlo park. that brings us to this morning's squawk on the tweet, now that facebook has hired a cop for menlo park police should be on the lookout for tweeters tweeters @squawkstreet we'll air your responses throughout the morning here on cnbc. >>> when we come back one start-up whistle is making wearable technology yeah for dogs. it measures your pet's activities streams the information right to your smartphone because, hey, you got to know how fit your dog is. it's now available in petsmart and the ceo of whistle will join us next. as we go to break, take a look at petsmart sales did disappointment and comps below their target. we're back in a minute. she's kind of special. she makes the whole team better. he's the k
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> the social network giant facebook has hired a community safety police officer for three years for the price of $200,000 a year. the officer will be on patrol in menlo park. that brings us to this morning's squawk on the tweet, now that facebook has hired a cop for menlo park police should...
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now maybe how about back taxes? still to come, a look inside the courtroom during the blade runner trial. what made oscar pistorius's neighbor break out in tears on the stand? and jeanne moos has a very strange but compelling new workout later in the show. [ sneezes ] [ coughs ] i've got a big date, but my sinuses are acting up. it's time for advil cold and sinus. [ male announcer ] truth is that won't relieve all your symptoms. hmm? [ male announcer ] new alka seltzer plus-d relieves more symptoms than any other behind the counter liquid gel. thanks for the tip. [ male announcer ] no problem. oh...and hair products. aisle 9. [ inhales deeply ] oh what a relief it is. ♪ so i got the new nokia lumia icon. it's got 1080p video, three times zoom, and a twenty-megapixel sensor. it's got the brightest display, so i can see what i'm shooting -- even outdoors, and 4 mics that capture incredible sound. plus, it has apps like vine -- and free cloud storage. my new lumia icon is so great, even our wipeouts look amazing. ♪
now maybe how about back taxes? still to come, a look inside the courtroom during the blade runner trial. what made oscar pistorius's neighbor break out in tears on the stand? and jeanne moos has a very strange but compelling new workout later in the show. [ sneezes ] [ coughs ] i've got a big date, but my sinuses are acting up. it's time for advil cold and sinus. [ male announcer ] truth is that won't relieve all your symptoms. hmm? [ male announcer ] new alka seltzer plus-d relieves more...
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now maybe how about back taxes? still to come, a look inside the courtroom during the blade runner trial. what made oscar pistorius' neighbor break out in tears on the stand? and jeanne moos has a very strange but compelling new workout later in the show. ♪ turn around ♪ every now and then i get a little bit tired ♪ ♪ of craving something that i can't have ♪ ♪ turn around, barbara ♪ i finally found the right snack ♪ [ female announcer ] fiber one. so i got the new nokia lumia icon. it's got 1080p video, three times zoom, and a twenty-megapixel sensor. it's got the brightest display, so i can see what i'm shooting -- even outdoors, and 4 mics that capture incredible sound. plus, it has apps like vine -- and free cloud storage. my new lumia icon is so great, even our wipeouts look amazing. ♪ honestly, i want to see you be brave ♪ ♪ where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produ
now maybe how about back taxes? still to come, a look inside the courtroom during the blade runner trial. what made oscar pistorius' neighbor break out in tears on the stand? and jeanne moos has a very strange but compelling new workout later in the show. ♪ turn around ♪ every now and then i get a little bit tired ♪ ♪ of craving something that i can't have ♪ ♪ turn around, barbara ♪ i finally found the right snack ♪ [ female announcer ] fiber one. so i got the new nokia lumia...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it in your heart. [ basketball bouncing ] heart healthy. [ m'm... ] great taste. [ tapping ] sounds good. campbell's healthy request. m'm! m'm! good.® campbell's healthy request. explaining my moderate to severe so there i was again, chronic plaque psoriasis to another new stylist. it was a total embarrassment. and not the kind of attention i wanted. so i had a serious talk with my dermatologist about my treatment options. this time, she prescribed humira-adalimumab. humira helps to clear the surface of my skin by actually working inside my body. in clinical trials, most adults with moderate to severe plaque psoriasis saw 75% skin clearance. and the majority of people were clear or almost clear in just 4 months. humira can lower your ability to fig
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it in your heart. [ basketball bouncing ] heart healthy. [ m'm... ] great taste. [ tapping ] sounds good. campbell's healthy request. m'm! m'm! good.® campbell's healthy...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. in fact, they depend on a unique set of nutrients. [ male announcer ] that's why there's ocuvite to help protect your eye health. as you age, your eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite is a vitamin made just for your eyes from the eye care experts at bausch + lomb. ocuvite has a unique formula that's just not found in any leading multivitamin. your eyes are unique, so help protect your eye health with ocuvite. so help protect your eye hea
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com [ sneezes ] [ male announcer ] you may be an allergy muddler. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin® because it starts working faster on the first day you take it. zyrtec®. love the air. [ sneezes ] >>> happening right now, face to face with russia. secretary of state, john kerry, sil secretary of state sits down with the russian foreign minister. high hopes. are there hopes this can do anything to ease the crisis in ukraine. >>> explosive words from hillary clinton, comparing vladmir putin to hitler and nazis. does she have her own ukraine problem. >>> hold on tight. asteroids hours away from a close drive bsh -by of earth. what you need to know right now.
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com [ sneezes ] [ male announcer ] you may be an allergy muddler. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin® because it starts working faster on the first day you take it. zyrtec®. love the air. [ sneezes ] >>> happening right now, face to face with russia....
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. $1.8 trillion in new tax. he cuts the military greatly in my opinion not for deficit reduction but for more domestic spending. it just shows the priorities have moved farther to the left and the point i'm trying to make here we have three years left of this administration and we have divided government. normally in a situation like that you would try to fine common ground, work forward common ground. he's moving away from that and tacked hard to the left. yes you could say that's because we're in an election year and that may be why. it's happening nevertheless. i don't know the reasons but he's moving to the left and it makes it hard to bridge to the gap. >> democrats will say they have tried to extend a hand and have not been reciprocated. >> we have a budget agreement. i want to see us build on that success. >> give me a preview of what the paul ryan budget will look like. in years past a lot of the saving have come from overhauling medicare and medicaid. are those proposals include in the paul ryan 2015 bu
. $1.8 trillion in new tax. he cuts the military greatly in my opinion not for deficit reduction but for more domestic spending. it just shows the priorities have moved farther to the left and the point i'm trying to make here we have three years left of this administration and we have divided government. normally in a situation like that you would try to fine common ground, work forward common ground. he's moving away from that and tacked hard to the left. yes you could say that's because...
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this is about whether the irs targeted conservative groups seeking tax ex emstatus. republicans claim it was politically motivated. tea party and other conservative words, they were targeted. lois learner refused to testify today, invoking her fifth amendment rights, as she did last year during the hearings. listen to this. >> my counsel has advised me that i have not waived my constitutional rights under the fifth amendment, and on his advice, i will decline to answer any question on the subject matter of this hearing. >> that is her right to do that. the testimony broke down into a heated argument, though, between the committee's ranking democrat, elijah coupummings an darrell issa. listen to this. >> ladies and gentlemen, seeking the truth is the obligation of this committee. i can see no point in going further. i have no expectation that ms. learner will cooperate with this committee. >> mr. chairman, i have a statement. i have a procedural question, mr. chairman. mr. chairman, i have a procedural question. mr. chairman, you cannot run a committee like this. you
this is about whether the irs targeted conservative groups seeking tax ex emstatus. republicans claim it was politically motivated. tea party and other conservative words, they were targeted. lois learner refused to testify today, invoking her fifth amendment rights, as she did last year during the hearings. listen to this. >> my counsel has advised me that i have not waived my constitutional rights under the fifth amendment, and on his advice, i will decline to answer any question on the...
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base and out into ukrainian territory, as well as the use of these ununiformed, unofficial armed gas tax gangs as a tool of power and that's what we saw in action today, forcing the u.n. official out. the other point i would make is this. in my old job when i had a security clearance that i've read classified reports, i think that people have this impression they're black and white. they say x is going to happen tomorrow in y location. very rarely or never are they really that way. they're dealing with imperfect intelligence that they pieced together, kind of like we do as reporters, though with much better tools. which they piece together ask say here is our best assessment of possible things that might happen. in this situation, you throw in the wild card, which is vladimir putin. and representative adam schiff, on the house intelligence committee saying, listen, with him, he could have made that decision last minute so no one could have predicted it. that's their defense. but listen, the bottom line is, they were caught off guard. >> i read an interesting report on this in the "wall s
base and out into ukrainian territory, as well as the use of these ununiformed, unofficial armed gas tax gangs as a tool of power and that's what we saw in action today, forcing the u.n. official out. the other point i would make is this. in my old job when i had a security clearance that i've read classified reports, i think that people have this impression they're black and white. they say x is going to happen tomorrow in y location. very rarely or never are they really that way. they're...
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his increased annual taxes by -- he's increased taxes, averaging about $4,00 for every household in america. he made a lot of promises that turned out not to be true. he promised that massive government spending would produce prosperity. instead average personal incomes declined $2,00 during his presidency and food stamp dependency's at an all-time high. nearly one in six americans is now living in poverty, including 22% of all children. the work force has sha runge to a smaller proportion -- sha runge to a smaller proportion of the population. he promised government takeover of our health care would reduce our health costs and increase coverage for americans. it's done exactly the opposite. millions more american families have lost their health plans and their doctors than have gained them. and the overwhelming majority has suffered ruinous increases in their health care costs. the result is a declining standard of living at home, a declining respect for america abroad, and a generation in danger of becoming the first in our history to be less well off than their parents. mr. speaker, our
his increased annual taxes by -- he's increased taxes, averaging about $4,00 for every household in america. he made a lot of promises that turned out not to be true. he promised that massive government spending would produce prosperity. instead average personal incomes declined $2,00 during his presidency and food stamp dependency's at an all-time high. nearly one in six americans is now living in poverty, including 22% of all children. the work force has sha runge to a smaller proportion --...
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families as the employer mandate tax is for our businesses. i believe that individuals and families deserve the same sort of delay, so on behalf of my constituents in indiana's ninth district and on behalf of all of yours, i encourage all of my colleagues to support this bill and to support simple fairness. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from washington is recognized. mr. mcdermott: madam speaker, i yield three minutes to the gentleman from oregon, mr. blumenauer. -- speaker pro tempore: mr. mcdermott: i give three minutes to mr. davis from chicago first. the speaker pro tempore: the gentleman from illinois is recognized for three minutes. mr. davis: thank you, madam speaker. and i rise in strong opposition h.r. 4118, the 50th vote to repeal the health care act which passed and implemented with decreased coverage and increase the number of people who are not insured by as much as 11 million people in this country. it's unbelievable that we would be on the floor voting for
families as the employer mandate tax is for our businesses. i believe that individuals and families deserve the same sort of delay, so on behalf of my constituents in indiana's ninth district and on behalf of all of yours, i encourage all of my colleagues to support this bill and to support simple fairness. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from washington is recognized. mr. mcdermott: madam speaker, i yield three minutes to...
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in new revenue of higher taxes -- -- $650 billion in new revenue of higher taxes, who will feel that? >> in this budget, you have seen tax relief for heart pressed working families that will be continued, expanded for individuals who may not have dependence. there is a proposal to increase the dependent care credit for people who have a child five years and under and make sure the american opportunity tax credit. they relief goes very much to working families. in terms of where the revenues are, they are, we think, reasonable efforts to reduce the degree of tax expenditures and loopholes for people who are the most fortunate. there is no proposal here to raise rates but i think there is a question many people have raised and tax reform on both sides which is whether a middle income family should get a 15% reduction or credit when they do things and then somebody who has significantly more income can do. three times more than that. we may think of that as being a little upside down. the president's proposal to have their be a limit on tax expenditures for the most well off raises the
in new revenue of higher taxes -- -- $650 billion in new revenue of higher taxes, who will feel that? >> in this budget, you have seen tax relief for heart pressed working families that will be continued, expanded for individuals who may not have dependence. there is a proposal to increase the dependent care credit for people who have a child five years and under and make sure the american opportunity tax credit. they relief goes very much to working families. in terms of where the...
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it would increase taxes by over a trillion dollars. in the worst economic slowdown anyone can remember. explode spending by $790 billion, forcing us to borrow more money. towould do almost nothing address the most serious threats facing our children's threats. it doesn't even come close to balancing this year. president felt the left would love it. here is my question for the president. what about the middle class? what is in it for them? it seemed like the president has given up on folks were in the middle. folks who think washington doesn't take their concerns and anxieties into consideration. what hope is he giving them? that their wages will start going up instead of down? let's in this budget -- what is in this budget except the nagging feeling of getting squeezed? spent sixent has years trying to fix the economy and tax and spend and regulate our way to prosperity. just as his yell at you demands. -- ideology demands. this doesn't work. 009 -- allowing them to get by. sameing down on the policies that will not work. that is exact
it would increase taxes by over a trillion dollars. in the worst economic slowdown anyone can remember. explode spending by $790 billion, forcing us to borrow more money. towould do almost nothing address the most serious threats facing our children's threats. it doesn't even come close to balancing this year. president felt the left would love it. here is my question for the president. what about the middle class? what is in it for them? it seemed like the president has given up on folks were...
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tax families, as so illustrated by wa warren buffet. they have proposed workplace standards that might cost the koch brothers a few extra dimes, a few extra dollars, maybe. and the koch brothers are returning the favor with huge donations to republican senate candidates, either directly or indirectly. senate republicans, madam president, are addicted to koch. in fact, senate republicans hardly need the nrsc anymore, which for decade after decade was their main funding tool for the republican senate. not any longer. the koch brothers take care of that. besides, the nrsc can't hide its donors' identities, like the koch brothers' funding groups can. senate republicans call this freewheeling spending by anonymous donors nothing more than free speech -- free speech. senate republicans say, whoever has the most money gets the most free speech. but that's not what america's founding fathers said. they didn't mean that by "free speech." the founders believed in a democracy where every american had a voice and a vote. this discussion, this fight
tax families, as so illustrated by wa warren buffet. they have proposed workplace standards that might cost the koch brothers a few extra dimes, a few extra dollars, maybe. and the koch brothers are returning the favor with huge donations to republican senate candidates, either directly or indirectly. senate republicans, madam president, are addicted to koch. in fact, senate republicans hardly need the nrsc anymore, which for decade after decade was their main funding tool for the republican...
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tax, tax, tax and the medicaid. sometimes i paid a lot. i work two jobs at one time. i got disabled two months before my 60th birthday. i thought i was going to work until the day i died. i body fell apart. all of that money we paid in, ask the democrats about. it was the democratic presidents that pulled out of social security to keep the government open. it seems like everything comes out of social security. the other thing, medicaid. of people that are underprivileged. i understand that. ofhave hundreds of thousands illegal immigrants that are on this, even on obamacare. "the washington post where did you learn that? host: where did you learn that? how do you budget more than you take him? he is weighing in on the budget proposal. kim, davenport, iowa. caller: the bottom line of this whole thing is not looking at -- when looking at the transportation part of it. building bridges to nowhere, yes it gives us jobs. we have three prisons in the united states that were never open. was 13 yearsar us never open because they built it with federal money. they could not affo
tax, tax, tax and the medicaid. sometimes i paid a lot. i work two jobs at one time. i got disabled two months before my 60th birthday. i thought i was going to work until the day i died. i body fell apart. all of that money we paid in, ask the democrats about. it was the democratic presidents that pulled out of social security to keep the government open. it seems like everything comes out of social security. the other thing, medicaid. of people that are underprivileged. i understand that....
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and he would pay for it with revenue from tobacco taxes. a great idea. similarly he would take $4 billion in subsidies we give the oil and gas industry, invest it in new cleaner alternative energy. he takes $300 billion and invest it in surface infrastructure. i was just over in uzbekistan this month, they have a faster, more modern rail system than we do as does china. those are the kind of good ideas that could move this country forward that this congress should embrace. thank you, mr. speaker. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from california rise. without objection, the gentleman s recognized for one minute. >> thank you, mr. speaker. i rise today to remember and ask this house to adjourn in the memory of a dear friend from rich vail, california. mr. howl, who passed away on january 29. mr. lamalfa: he was a long time community leader, early in his life he served in our united states air force in world war ii. he was born in chesterfield, idaho, later moving to kingsburg in central valley,
and he would pay for it with revenue from tobacco taxes. a great idea. similarly he would take $4 billion in subsidies we give the oil and gas industry, invest it in new cleaner alternative energy. he takes $300 billion and invest it in surface infrastructure. i was just over in uzbekistan this month, they have a faster, more modern rail system than we do as does china. those are the kind of good ideas that could move this country forward that this congress should embrace. thank you, mr....
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court on the issue of whether citizens united overturning the ban on corporate spending applies to tax exempt rules. counsel and judy kindell need to be on this one please. cincy should probably not, all in caps, have these cases. what did you mean by cincy should not have these cases? >> on the advice of my counsel i respectfully exercise my fifth amendment right and decline to answer the question. >> ms. lern, why would you say tea party cases were very dangerous? >> on the advice of my counsel i respectfully exercise my fifth amendment right and decline to answer that question. >> ms. lerner, in september, 2010, you emailed your subordinates about initiating a, c-4 project and wrote, we need to be cautious so that it isn't a per se political project. why were you worried about this being perceived as a political project? >> on the advice of my counsel i respectfully exercise my fifth amendment right and decline to answer that question. >> ms. lern, the manager of e.o. technical in washington testified that you ordered tea party cases to undergo a multitier review. he testified, and
court on the issue of whether citizens united overturning the ban on corporate spending applies to tax exempt rules. counsel and judy kindell need to be on this one please. cincy should probably not, all in caps, have these cases. what did you mean by cincy should not have these cases? >> on the advice of my counsel i respectfully exercise my fifth amendment right and decline to answer the question. >> ms. lern, why would you say tea party cases were very dangerous? >> on the...
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unfettered right to dump toxins into our rivers and streams and valleys and to give them even more tax breaks while they destroy our environment. madam president, we democrats have a different vision. democrats believe the economy is strongest when the middle complas is vibrant and -- middle class is vibrant and growing. democrats believe that world-class education leads to world-class work and this work is one where people are ready to take on any challenge. right now, madam president, there's at least three people for every job that's available. democrats believe in an even playing field with higher wages, affordable health care, and a secure retirement for every american, so that every american can have a shot at success. i welcome a debate over these competing visions. the average american shares our vision for a country whose success is built on a strong middle class. the koch brothers know americans share our vision for a country whose success is built on a strong middle class. that's why rather than having an honest and fair debate, they're pouring hundreds of millions of dollar
unfettered right to dump toxins into our rivers and streams and valleys and to give them even more tax breaks while they destroy our environment. madam president, we democrats have a different vision. democrats believe the economy is strongest when the middle complas is vibrant and -- middle class is vibrant and growing. democrats believe that world-class education leads to world-class work and this work is one where people are ready to take on any challenge. right now, madam president, there's...
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, it would amend the business tax system and leave the individual tax code largely as it is. that approach is different from the ideas outlined by the two chairmen of the wroo tax-writing committees, both who have proposed detailed comprehensive tax reform plans. while i haven't endorsed either chairman camp's or chairman wyden's plan, they both recognize that the noncorporate business sector, which makes up over half of all u.s. business businesses, is also in need of tax reform. now, this sets them apart from president obama and the proposals in his latest budget. and of course let's not forget hardworking individual americans, far too many of whom who need assistance in filling out their tax returns. these people would be left behind under the president's proposal. the president's budget looks to raise tax revenue largely to increase more spending on what it calls -- quote -- "investmentvestmentsvestments" n infrastructure. that sounds wonderful. however, what is taken to be infrastructure in the minds of the federal bureaucrats, who the president would empower to spend ha
, it would amend the business tax system and leave the individual tax code largely as it is. that approach is different from the ideas outlined by the two chairmen of the wroo tax-writing committees, both who have proposed detailed comprehensive tax reform plans. while i haven't endorsed either chairman camp's or chairman wyden's plan, they both recognize that the noncorporate business sector, which makes up over half of all u.s. business businesses, is also in need of tax reform. now, this...
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we brought the tax together in a way and we saw a republican bringing forth the camp tax and we saw that approach. that is new, but showing the bipartisan. and something you have heard republicans, whether it is ryan or rubio discuss, it is work-based. the opportunity, growth and security initiative is new, too. one thing that is important to recognize in terms of the question what does this mean in terms of getting something done. i think it is important to reflect to the omni bus. if you look at that and tiger grants and administration proposals from last year, you saw double digit increases from sequester. you saw language put into the omnibus that will allow us to make progress on the state's ability to start providing universal preschool. this budget is now in a place where we proposed what we would do, and now making sure it will influence the choices made throughout the appropriation process and forms the debate and i think those are two important things we tried to construct the budget. >> i would add there are some things that have been in the budget that were not passed but nev
we brought the tax together in a way and we saw a republican bringing forth the camp tax and we saw that approach. that is new, but showing the bipartisan. and something you have heard republicans, whether it is ryan or rubio discuss, it is work-based. the opportunity, growth and security initiative is new, too. one thing that is important to recognize in terms of the question what does this mean in terms of getting something done. i think it is important to reflect to the omni bus. if you look...
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there is the business tax reform. and the expansion of a tax credit called the earned income tax credit that benefits low income people. they are trying to propose it to make it more generous for childless workers. he is proposing expanding it. and the republicans have supported expansions to it as well. >> host: what is the vehicle to get them folded into the legislation? >> guest: i don't think anyone would say anything is getting done this year. last session, spending limits and caps for 2014 and 2015 were agreed to and those are in law now. it is hard to see them changing. if the election is beneficial to the democrats, there is the potential for replacing spending cuts that will take affect next year or preplacing the current limited spending caps with a generous one by limiting specific tax loopholes that the republicans don't like or finding alternative spending cuts in medicare or other programs that republicans might support. >> host: what does the president' budget say about the two-year budget deal that rya
there is the business tax reform. and the expansion of a tax credit called the earned income tax credit that benefits low income people. they are trying to propose it to make it more generous for childless workers. he is proposing expanding it. and the republicans have supported expansions to it as well. >> host: what is the vehicle to get them folded into the legislation? >> guest: i don't think anyone would say anything is getting done this year. last session, spending limits and...
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cards -- quote -- "a modern poll tax" -- end of quote. this answer, of course, because poll taxes are unconstitutional. but the supreme court upheld indiana's voter i.d. law as constitutional in this crawford case in 2008. so if the nominee continues to believe voter i.d. laws are the modern-day equivalent of the poll tax and is firm committed to ar that principle, i'm conced -- you ought to be concerned -- that he'd look for creating ways to undermine and challenge those laws, notwithstanding the crawford case upholding indiana's voter i.d. law. it goes without saying, of course, that a significant part of this job is the enforcement of voting rights laws, and that enforcement power should be entrusted only to someone who we're confident will apply the law in an evenhanded way and, obviously, uphold when the supreme court has already said was constitutional. i've also repeatedly asked the nominee whether, if confirmed, he'd commit to implementing the recommendations made by the department of justice inspector general regarding the hiring
cards -- quote -- "a modern poll tax" -- end of quote. this answer, of course, because poll taxes are unconstitutional. but the supreme court upheld indiana's voter i.d. law as constitutional in this crawford case in 2008. so if the nominee continues to believe voter i.d. laws are the modern-day equivalent of the poll tax and is firm committed to ar that principle, i'm conced -- you ought to be concerned -- that he'd look for creating ways to undermine and challenge those laws,...